Insolvency practitioner · Principal, Worrells Queensland

Clear judgment when the next decision matters.

With 17 years’ experience, Nik Khatri is a Queensland-based registered liquidator, small business restructuring practitioner and registered bankruptcy trustee. He helps advisers, directors and individuals understand the position, the risks and the practical next step.

Discuss a matter View experience

Appointments and engagements are undertaken through Worrells and remain subject to conflicts, independence, consent and applicable professional requirements.

Financial distress rarely improves with another week of uncertainty. Early advice does not force an outcome. It creates room to understand the options.

Areas of practice

The right process begins with the right diagnosis.

01Small business restructuringA lower-cost formal process for viable small businesses that need room to reset. 02ATO debt and Director Penalty NoticeAn urgent assessment of company tax debt, reporting history, notice timing and personal exposure. 03Voluntary administrationIndependent control and a structured platform to assess rescue, sale or a deed proposal. 04LiquidationAn orderly wind-up where rescue is no longer the credible objective. 05Bankruptcy & personal insolvencyRegistered-trustee experience where business and personal exposure meet. 06Independent appointmentsPractical oversight for creditors, stakeholders and matters that need an independent practitioner.

A practical approach

Clarity before process.

01
Understand the position
What is known, what is missing and what is genuinely urgent.
02
Make risk visible
Company, director, creditor and personal exposure explained plainly.
03
Choose the next step
A practical recommendation that fits the circumstances and legal framework.

Two professionals reviewing financial information together

For accountants & lawyers

A useful first conversation should make the adviser more valuable to the client, not less.

Early, confidential discussion can make the risks clearer before the choices become narrower. Nik works directly with advisers while respecting the relationship that brought the client to the table and the independence the role requires.

For advisers

Nikhil “Nik” Khatri

Experience across both sides of insolvency practice.

Nik is a Queensland-based Principal in Worrells’ Brisbane and Cleveland offices. Across 17 years, he has worked through corporate and personal insolvency matters in retail, hospitality, building and construction, manufacturing, real estate, professional services and other industries.

About Nik